youth accounts

Youth accounts are specialized bank accounts designed for young people, typically minors, to help them learn about saving and managing money. These accounts usually have lower fees, no maintenance charges, and may offer educational resources to teach financial literacy. They often come with features like limited access to funds, encouraging responsible spending and saving habits. Youth accounts can be a stepping stone toward financial independence, enabling young individuals to develop practical skills in budgeting, saving, and understanding banking as they transition to adulthood.